BMR Group PLC Director's instruction to exercise warrants (4124V)
January 30 2017 - 2:00AM
UK Regulatory
TIDMBMR
RNS Number : 4124V
BMR Group PLC
30 January 2017
BMR Group PLC ("BMR" or the "Company")
Director's instruction to exercise warrants
BMR announces that it received notice on 27 January 2017 that on
that day Alex Borrelli, the Company's CEO and Chairman, instructed
the exercise of his warrants to subscribe for 666,666 new ordinary
shares in the Company at a price of 7 pence per share.
All of the outstanding warrants capable of exercise at 7p per
share issued by BMR are exercisable by no later than 10 February
2017, for subscription into 51,120,007 new ordinary shares at 7
pence per share. It is anticipated that the new ordinary shares
issued to exercising warrant holders will be admitted to trading on
AIM on Thursday 16 February 2017.
Upon completion of his subscription, Mr Borrelli will be
interested in 1,733,332 shares in the Company which represents
approximately 0.9 per cent of the issued share capital of the
Company, as enlarged by the exercise of Mr Borrelli's warrants.
For further information:
BMR Group PLC 020 7734 7282
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
NOMAD and Joint Broker
Chris Fielding, Head of Corporate Finance
Nick Prowting, Manager
Peterhouse Corporate Finance 020 7469 0930
Joint Broker
Lucy Williams/ Duncan Vasey/ Heena Karani
This information is provided by RNS
The company news service from the London Stock Exchange
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